1. The Bernie Madoff scandal saw him steal billions briefly explain how the professional ethics of the auditors (or lack of it) contributed to the audit failure in the case. Be specific by providing an example of unethical conduct made by the auditors in the case.

2. The Bernie Madoff scandal saw him steal billions briefly explain how auditors awareness of professional ethics would have helped the auditors detect material misstatements and frauds in financial statements, perpetrated by management in the case.